IBM sustains earnings streak despite weak economy

Published July 19, 2012 12:21am ET



SAN FRANCISCO (AP) — IBM sustained its nearly decade-long streak of earnings growth as it shook off the economic jitters that have undercut several other technology companies.

Earnings rose 6 percent in the April-June period, despite a 3 percent decline in revenue, to mark the 38th consecutive quarter that IBM’s net income has climbed from the previous year.

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